Sparta Capital (Sparta Capital) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Sparta Capital Momentum Rank?

Sparta Capital has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Sparta Capital (Sparta Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sparta Capital Ltd (OTCPK:SCAXF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SAY:Canada

Address

390 Bay Street, Suite 1200, Toronto, ON, CAN, M5H 2Y2

Website

https://www.spartagroup.ca

Sparta Capital Ltd is a Canada-based company focused on product development, manufacturing, distribution, sales, and service across a range of complementary products. The company's business segments include Illumineris; Re-Eco and Sparta. It generates maximum revenue from the Re-Eco Electronic segment.